The European Court of Justice has ordered Apple to pay $14.4 billion in back taxes to Ireland, marking a significant victory for the European Commission's crackdown on tax avoidance. The ruling supports the 2016 decision that found Ireland gave Apple unlawful tax benefits, reducing its tax rate...
Pavel Durov, founder and CEO of Telegram, was arrested at Bourget airport near Paris on August 24. He faces a preliminary investigation related to moderation issues on the messaging app. Durov, who holds dual French and UAE citizenship, is expected to appear in court following his arrest.
Pavel...
KPMG, one of the UK's largest graduate employers, has revoked job offers for some foreign graduates following the government's tightening of visa rules for overseas workers.
The firm cited the government's decision to raise the minimum salary required to sponsor a skilled worker visa in the UK...
The Dutch arm of KPMG is facing severe repercussions after it was revealed that hundreds of its staff, including senior partners and managers, engaged in cheating on professional exams. According to the US audit regulator, the Public Company Accounting Oversight Board (PCAOB), KPMG's Netherlands...
The United Kingdom's economy slipped into a recession during the second half of 2023, creating a complex backdrop for Prime Minister Rishi Sunak as he approaches an expected election later this year. Official data revealed a contraction of 0.3% in GDP for the three months ending in December...
Pfizer is set to cut 500 jobs at its Sandwich, Kent site in the U.K. as part of its $3.5 billion cost-cutting plan, a response to lower-than-expected sales of its COVID-19 vaccine and treatment, leading to its first quarterly loss since 2019.
The U.S. drugmaker, with a global workforce of...
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